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Bitcoin Layer2 network BOB announced on the Previously, BOB (Build on Bitcoin) announced at the end of March that it had completed a $10 million seed round of financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management, as well as some angel investors. BOB is a hybrid layer 2 network that sits on top of the Bitcoin blockchain but is compatible with Ethereum.

Bitcoin L2 network BOB posted on the X platform that its TVL has exceeded $87 million. Previously, BOB (Build on Bitcoin) announced the completion of a $10 million seed round of financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management, as well as some angel investors. BOB is a hybrid L2 network that sits on top of the Bitcoin blockchain but is compatible with Ethereum.

This edition of Cointelegraph’s VC Roundup highlights Borderless Capital’s recent acquisition, along with new funding raises by Keyring Network, Morph, Rails, BOB, FLock, and Race. source: https://cointelegraph.com/news/vc-roundup-investors-crosschain-bitcoin-layer2-institutional-tools

According to PANews, the BOB hybrid blockchain project, which aims to merge the features of Bitcoin and Ethereum, has successfully raised $10 million in funding. The investment was led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, and UTXO Management. BOB plans to launch the first Bitcoin second-layer network compatible with the Ethereum Virtual Machine (EVM), enabling the execution of Ethereum-style smart contracts on the Bitcoin network.

The second-layer Bitcoin network BOB (Build on Bitcoin) announced the completion of a US$10 million seed round of financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management, as well as some angel investors. BOB is a hybrid layer 2 network that sits on top of the Bitcoin blockchain but is compatible with Ethereum. (CoinDesk)

The round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management. source: https://www.coindesk.com/business/2024/03/27/hybrid-layer-2-bob-raises-10m-to-support-evm-compatible-bitcoin-layer-2/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

1. NodeMonkes’ market value surpassed BAYC and rose to second place; 2. The whale, which suffered a loss of US$1.47 million in ETH during repeated swings in the past week, once again purchased ETH worth US$10.17 million; 3. Su Zhu: VC’s abandonment of friend.tech distribution heralds a paradigm shift toward better token economics; 4. Dolomite: The attacker failed to return the stolen assets as scheduled, and a reward of US$180,000 will be offered to trace his identity or recover the funds; 5. Jasmy released a roadmap for 2024, involving the deployment of wallets, the development of carbon credit exchanges, etc.; 6. Bitcoin L2 project BOB Lianchuang: BOB mainnet will be launched within a month; 7. UniCross releases RUFI Mint details, and Mint is expected to be completed on the 7th; 8. Scallop plans to launch SCA Borrowing Incentives on March 25, with 28,000 SCA rewards in the first week; 9. The second-layer ZKVM project Ola announced that all addresses registered before tomorrow will receive triple point airdrop rewards.

Alexei Zamyatin, co-founder of Polkadot ecological cross-chain interoperability network Interlay and Bitcoin L2 project BOB, posted on the X platform that the BOB mainnet will be launched in less than a month, and it will be less than 5 days before the launch of BOB Fusion.

According to official news, OKX Wallet will join hands with Babylon, BOB and Polygon to jointly host a "Bitcoin Renaissance" theme event during ETH Denver. This event will officially open on February 29. By then, Babylon co-founder and National Academy of Engineering member David Tse, BitVM founder Robin Linus, Stacks co-founder Muneeb Ali, Polygon founder Sandeep Naliwal, Osmosis founder Sunny Aggarwal, Messari co-founder Ryan Selkis, and OKX Ventures partners Top industry leaders such as Jeff Ren and Nic Carter, head of Castle Island Ventures, will be invited to attend the event and conduct in-depth discussions on core topics such as the evolution of the Bitcoin ecosystem and the synergy between Bitcoin and the PoS chain, sharing exclusive insights. . During the event, Jeff Ren will also give an outlook on the cooperation between OKX Wallet and the Bitcoin ecosystem.

DWF Ventures posted on the X platform that although Ethereum has led the Layer 2 field for three years with 38 L2s, the number of Bitcoin L2s has increased to 25 in less than a year. According to its statistics, these Bitcoin L2 include BEVM, BiopDAO, Dovi, Elastos, Interlay, Map Protocol, Omni Layer, Rootstock, SatoshiVM, Stacks, U Protocol, B² Network, Bison Labs, BOB, Botanix Labs, Chainway, Lighting Network, Liquid Network, LumiBit, Merlin Chain, RGB Network, Rolkit, ROLLUX, ROOS, Rosetta Network.